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platform. "the new york post" cover that has the paper in hot water this morning. >> plus we have the 911 tapes and the alleged murder/suicide involving kansas city chiefs play er javon belcher. >>> and there's no plan to keep us from going over the fiscal cliff. broken record, broken record. i'm christine romans in today for john berman. >> and i'm zoraida sambolin. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted
. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i spent the afternoon at blackrock's trading room and i got their outlooks for 2013. you will see it first here on cnbc. >>> here are investment take aways. fixed income. they feel there is danger in what many people consider a safe play. commodities, they have a long view there in many of those sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean t
the jeffries trading floor today in new york. peter, you have a lot of different scenarios, but the most likely scenario that you think is that the blackberry fails, there is no acquisition on this and the cash firm continues? >> yeah. we think it costs about $1 billion to launch these devices. if successful, we think an access possibility goes up. if not, we see the company become much, much smaller a year from now. >> how do you measure success? and when we we know on this? >> we'll probably know around around/may next year. success would be call it 3 to 5 million units in the first quarter out of the gate and 5 million units plus after that. to us, that would be a very good launch. >> for anybody who is actually a blackberry user still, what do you say about these things? if there's a takeover, does that mean blackberry continues? what's the long-term outlook for the company? >> i would suspect that if you're a blackberry user, there's very little chance that your service is going to be cut off. that is a key cash flow driver for the company and anybody who would want to buy isn't concerned
of agriculture decision to cut the greens demand forecast. fact activity in new york state declining for the fifth month in a row in december as new orders dropped in the labor market remains weak. the new york fed empire state index falling into negative 8.1 from negative 5.2 in november. liz: we have larry in the pits of the chicago mercantile exchange. he will let us know about the clothes. the fiscal deal is coming. they will find out in a second, and says the market is heavily discounted and at historic levels. should you jump in? a 100-point gain on the dow jones industrial a full percentage point for the russell and the s&p and the nasdaq rather. this is a great day, isn't it? >> a good day, that is for sure. kind of took an informal poll on the floor ask a few traders are we going to reach the fiscal cliff, are we going over it? certainly most traders were not in agreement. everyone is in agreement we're not going to go over the fiscal cliff. liz: the highest of the session of the last hours of trading, what does that tell us about the next couple of days? >> traders have con
and new england as well and in the big town of new york city. too shy ofg. 10 shy in maine . portions of the northern plains. there goes my ride . 50s in dixie land and portions of the gulf coast. i am glad you asked. next map shows you on thursday. almost 60 in kansasy city. temperatures in the cents in texas and gulf coast down through florida. 42 will be the high temperature here in new york city. smeeking of new york city. live on our plasa. we did this last year and they are back again. say hello to reverend rob shank with faith and action. we have a live nativity scene. >> you do. it is the same one that played out in front of the united states can supreme court. we are sending a powerful message to washington d.c. and doing it here in new york. >> steve: what are the thrings. >> how was the reception. >> it was very good. people streamed out of all of the federal buildings and we get idea that supreme court justices get a glimpse of we have stantial rights and that includes faith and freedom of speech and assembly. while this is the real reason for the season, we have to exerci
for the new york giants. top pick. he set an all-time record . 52-twen was the final. go to ben roethlisberger, coming off of injury. big catch. mike wallace no realationn to chris. the chargers go on to win 34-24. that's what happened with the sports. big upset with the vikings and home of the bears. >> steve:-> chris wallace did you watch his power player, his dog. what a moving tribute. winston. what a life that had . a hole in their heart now he passed. >> gretchen: sorry i missed it. on a lighter note. what do airline workers think about the rest of us . have you ever done this to a flight attendant. apparently they do that when they want the flight attendant's attention. that is hated happen when people fly and are rude. 92 they looked and talked to 700 airline employees in 85 country, hey, i could use a coke over here . people trying to get off of the plane before the pilot gives the okay . stuffing too much in the overhead and charging to checked bags. you can understand it. on both sides of the aisle. >> brian: what bothers me, people ame as i am waiting in the back in the head. reall
. before we get started let's look at the coverage of the tabloids here in new york city. america weeps. there is the president of the united states. he shed a couple of tears in the briefing room yesterday. slaughter of the innocence. and a picture you saw a lot of yesterday from the beup in newtown yesterday where a police officer leads those children single file out of sandy hook school. >> so many horrific elements to this story but i think the worst for me is the fact that there are 20 kids dead between the ages of 5 and 10 years old and as we learn more about the shooter, it seems as though there were clues he was capable of doing this. >> there will be an update at 8:00 this morning with the authorities. >> all right. peter doocy meanwhile is live in sandy hook for us with the very latest details. good morning, peter. tell us what you have learned overnight. >> alisyn, we learned that the medical examiner's office has been working all night long inside sandy hook elementary school. they are trying to have the 20 children and six adults who were murdered inside yesterday during sc
transportation systems, subways in new york, recent incident in new york, it's kind of nice to be able to catch people that do that. >> you have to balance the pros and cons. which wins out? >> i'm going for a piece of that christmas that john got for himself. steve forbes is right. we're overdoing it. we're going to become the instead of solving the problem. we need to chill out. >> i know, you painted a scenario of silliness, somebody staring at every action or word on the bus. when you are bothered, wondering who is listening in and if they are listening in? >> i'm glad someone is listening. what am i doing on bus. here is why -- >> how much liberty are you willing to give up to be secure. >> i know the story... in the bay area. they were able to track down the other kids who beat him up because there was a camera in that bus. to me that is powerful story. >> go ahead. >> i mean how much liberty are we willing to give up to be secure? this is just so dangerous to rely on people to snoop on us. >> then don't take public transportation. that is the dividing line. we know that public transporta
on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a little bit of an understatement. democrats say they want a commitment from her republicans. basically, we are in the same spot. here we are at the 11th hour and the preside
taken to danbury hospital. our new york police reported one child may have been shot in hand. another in the face. the gunman is reportedly dead. officials telling the ap the shooter had two guns. we are looking at live pictures from our affiliate in new york, w. n.y. w. a gunman was in the main office of the school shortly after 9:40 a.m. eastern time and one person in one room had numerous gunshot wounds. investigators now searching the school with police dogs. dozens of heavily armed state troopers on scene. live pictures telling it all right there. surrounding the school, agents on scene as well, we're learning a code red has been issued to the surrounding towns. state police will news conference at 1:00 eastern, we will bring you those updates as they come. this is an unfortunate story that has continued to unfold. more details coming in by the minute and we will keep you updated. dennis: college for $199 a month. that is what university now is charging for unlimited online classes. we are joined by ceo jean wage. thank you for being with us. let's start with how many students ha
at the economy, the looming fiscal cliff. my partner, tyler mathisen kicks it off for us at the new york stock exchange. >> thank you very much. it is a quiet day down here at the new york stock exchange where the major averages are not really doing very much at this hour. let's take a look. the industrials are down 7 2/3 points at 13,163. nasdaq a little bit lower also in percentage terms. also a percentage at 29891.48. 2 3/4 right now at 1416.74. it would appear the markets are watchfully waiting to see what comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see
associated with it is moving across the northeast. new york, in terms of rain, by midday today, it really should be out of the picture. this is a quick mover, but in its wake it's going to be cold and windy. so any snow on the ground could start blowing on on the roadways and that will cause problems. keep that in mind and be sure to be safe on the roads. how much snow are we going to see? we could see six to 12 inches across the great lakes. but too warm for snow across the northeast corridor. all the kids at home are go, whoa! your travel today, boston and new york, certainly could see delays. moderate delays to heavy. memphis and dallas look pretty good right now. but if you are traveling to the northeast or the midwest, make sure that you're going to call ahead. philadelphia, again, moderate delays. same for you in chicago and portland and we'll keep you posted all of the travel and the weather delays that are out there. back to you. >> steve: thank you very much. i think it's interesting that you think kids across america who did not get snow with the storm sound like charlie brown's
early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of trouble but his ex-girlfriend said he quit his job in the derks li and sold all of his belongings and bought a ticket to hawaii. >> she wishes to express shock and grief the events in the shopping she has no explanation or understanding of her son's behavior. >> ros killed a 54 year old nurse and 45 year old father of two, steven forsyth. a 15 year old was seriously injured . robertson took his own life. late last night john fee -- macfee arrived in the united states. >> this morning i was in jail and today here i am. i am not worried at all. if i am in front of a court they will not send me back. they have no evidence . >> gretchen: macfee is wanted in the country of bealize for the murder of his neighbor. we'll hea
them back to new york. >> places like philadelphia. >> you look at murders across the tri-state area, so many come from virginia in that gun show loophole. bob mcdonald said we need more guns and give teachers guns. you know what? before you arm more people, look at the gun shows in virginia that, again, allow trafficking of these illegal arms up here. i mean, that they are bought legally and end up in the wrong hands. >> they close it after jim's report and mayor bloomberg is doing his own undercover work on this. >> that's one way we show we're not totally serious about cracking down on guns. another one is to say that connecticut is tough on guns, which a lot of people have said in the last few days, and they are by the standards we have. the fifth toughest according to the brady campaign. you can get any number of automatic rifles. you can have a grenade launcher attachment on these. it's not really tough on guns but by the standards we have. >> tough by the standards we have, which are very low. this slippery slope argument you can make on everything. if the tsa can frisk me at
scissors. exclusive report in the new york postsaid that chief linebacker had dinner and drinkks with another woman friday night and spent the night in her apartment and then returned home and spot shot his girlfriend. this could be about domestic violence. in 2006, he punched his fist through a window because he was upset with the girl. according to the cvc shaping up to be a bad one. this strain is a great match for this year's vaccine. 120 million americans have received flu shots. give her an ambassador job. according to bloomburg news. the editor of vogue may be ambassador to france. the white house had no comment. those are the headlines. that happens all of the time. ambassadorships are favors. 92 but what is her qualification aside from being editor. >> brian: and supporter of mrs. assad. >> gretchen: if you went back in time and look at other ambassador ships >> chris: it could doesn't go to her could go to mr. blackwell. >> brian: finallyy a royall baby bump. kate middleton is meg frant. this morning a scare and why she's in the hospital. >> steve: little boys as well .
. everybody wants something from new york. all of the food goodies so bringing half of new york back with me. >> we packed a lot of food just in case. we are traveling with four girls and my husband who is busy checking the bags outside and going through dallas three hours there, and we are not going to get to cabo for 12 hours. it is a 12-hour day for us. >> and there is also good news for those who are not flying, those traveling by road. one in four americans aren't going to be on the roadways. some 84 million people. they say gas prices are not expected to be a problem. the national average is $3.24, and that is not expected to deter people from getting where they want to be this holiday season. doug? >> already, david, thanks very much. be thankful you are not in the sierra nevada. a second storm is expected to slam into northern california leaving behind heavy rain, snow and large waves along the shoreline. in fact, the sierra nevadas could see up to four feet of snow. rick? >> hi, doug. i think a lot of areas, the higher elevations will see more than that. maybe even six feet of snow.
the people in new jersey and new york are not left high and drive. because it's a national issue. when there's an emergency, we just don't all say, everybody on their own. which is often your theory. no, everybody in this country isn't always on their own. we are a national community. and when there's a tragedy, when there's some kind of event in new jersey, new york, we all have a responsibility, accountability. don't use that as a dodge for saying, let's act. the auto industry would have been on its -- just destroyed. >> about 1.5 million jobs, i might add. >> absolutely. and we had accountability there. >> let me get a word in here. i know you want to dominate the conversation -- >> no, i want you to get to the point. >> we now agree there should be additional language in the legislation to have accountability. that is a great point. so far there wasn't that accountability when you voted in the past on a bailout to states in this area. it's good that we moved that point. i look forward to working with you to provide that accountability. >> there was accountability in terms of help for gm
an apartment, it was not that valuable. >> it's not practical for a new york city dweller, for instance. >> when you get houses, you see the mexican properties? i'm saying they're going up there. >> oh, really? >> yeah. if anybody wants one. >> available for weekend rental. >> semiautomatic weapon included. >> somebody stole it from me, he thought i was going to stop there, and let hem get away with it, and that's not really my style. >> would you kidnap jim cramer, david? i'm not sure. >> no. >> it would end there. >> it never ends. >> if the guy had done nothing, i would have said fib. but i found him -- no one has seen "taken 2." >> how could you not? what a great franchise. >> i know. >> she's been taken. >> really bad luck. >> when we come back, apple tv, microsoft surface tablets, we'll bring you the latest development regarding both of those. more from the deal book conference in manhattan, including an exclusive with lloyd feinstein. 11:00 a.m. eastern time. hanging on to gains. at the nyse, when we return. can i help you? i heard you guys can ship ground for less than the ups s
steve israel, congressman from new york. plus, we'll also be talking more about what's at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the s
. dallaslet same . 60 in new orleans and 66 in tampa. daytime highs, almost 60 in new york city. 62 in cleveland . could be 62 in chicago . 71 in kansas city. s and 80s in texas and in the gulf coast and portions of florida as well. where was i? >> brian: now back to the regularly scheduled program. i will count. cowboys quarterback tony roamo broke the record with touchdown passes. roamo has 166 . dallas won 38-33. 6-6 on the year . keeping the slim playoff hopes alich. eagles lost 8 in a row. rex ryan finally sacking mark sanchez and putting in greg mcelroy. he got them to one touchdown for a win. tim tebow what happened to the luck. there was three interceptions and you got broken ribs. ryan has not made the decision on who will start next week. >> four teams on the way to the playoffs. patriots beat the dolphins . and broncos beat the bucks 31-23 to score the af-c championship. falcons win the south. walking away . texans whoy they tweeted me about beat the titans. they are len-1 on the year. congratulations to them and i am sorry forooking that. coming up on kilmeade and friend
it or not >> gretchen: here is the headlines. a massive chain crash. it happened in new york. it happened iniac-- yack hank. the driver lost control and setting off the chain reaction . the truck was carrying debris from super storm sandy. >> it was like a move yechain reaction and so fast. no one could react to it. >> brian: 40 vehicles were involved and the wreck stretched the length of a football field and all lanes are reopened this morning. midwest getting pummeled with a massive snow storm. some states are under blizzard warnings it is expected to dump a foot of the snow in the next 48 hours. in nebraska. roads are shut down because of the snow and strong wins are making visibility difficult. roads are closed in washington state after collisions and spin outs . there is word that one person is hurt. younger brother of madoff will be sentenced for helping pull off the biggest ponzi scheme in prison. he will be spending 10 years behind bars. one victim said she is unhappy that the sentence was postpone anothered the judge to remain free to attend a bar mitzvah. she brought the miss universe crown
of daylight. that's the forecast for today as we get toward new york. high around 43 degrees. buffalo up to around 38. boston, high of 40. into the midwest, we're warming up a little bit here around chicago. we've got temperatures working into the 40s today. 51 in st. louis. 38 in minneapolis. that's going to feel nice after a couple of days in the teens. here's the preview for the next storm. this arrives for saturday. mostly rain. snow across minnesota. northern wisconsin doesn't look like a major event. but for some of the ski areas, new york state up into new england, sunday, this could be a good-looking forecast. maybe some snow here. looks like rain down the city toward washington, d.c. too warm for snow out of this one. stay tuned. next wednesday, guys, could be talking about a nor'easter, it's been a while since we've seen one of those. >> oh, no. >> just want snow. it's not -- correct me if i'm wrong because i've been wrong, it's not winter yet, is it? i'm afraid to say how many days it is because i'll mess up the math. it's not winter yet. we -- >> it's technical. in weather wo
never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which stalled the stocks. not entirely a surprise. he is obviously a well respected analyst on the street. >> when you have a price target that is well above the stock, there's tremendous pressure for you to cut the price target. like there was tremendous pressure to raise the price target. i want to warn people, there are people who have much higher price targets. the analysts will probably join the fray. not sit in the bu
the audience what we're talking about. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the
pills. >> brian: headlines coming your way. former new york city mayor koch in the hospital. he is treated for a respiratory infection. second time he was hospitalized in the last three months. house votes on restoring lifetime protection for former president. they limit it to 10 years. the push because of national security concerns and former presidents taking on more active roles. gretchen? >> gretchen: thank you, brian. they were some of the most popular presidents in u.s. history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i want you to listen to me. i will say it again. i did not have sexual relations with that woman: >> gretchen: nick is a pres
and pennsylvania and new york and parts of new england. the bad one out here in the west in parts of oklahoma. oklahoma city maybe six inches was snow throughout the day. make sure you get there early today. the other problem with the storm we are looking at a chance of severe weather. that is moderate risk of severe weather. we are talking about big tornados. christmas day tornados in the south. any place in louisiana and mississippi and parts of alabama that is the bull's eye . heads up and make sure you are potentially aware. >> we are talking about ordering your packages and getting shipping. but fed exsaid the midwest storm is causing a shipping delays. i have an alert. if you are in iowa, michigan, and orch orgwisconsin or wisconsin. those centers will not get it out to you on time. >> gretchen: who will be really mad at awe. >> there may be an iou slip in the box. >> gretchen: you know what i do. if that is going to happen and it is going to happen to me, too. nice message and you wrap the envelope. >> that's what i will do. >> gretchen: kid said love getting those envelopes it is goin
of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once you jump over the cliff, you can reverse the payroll tax. senator corker who is terrific and had good privilege of talking with him this weekend, we both know you can't reverse amt. once you go over the cliff, amt is insidious. it's hard to figure out. >> in terms of negotiations we will sit here day after day, is it more theatrics, are they really stalled, will we get down to something at the end of the day
with the same sort of problem in new york city . listen to how he handled it >> i was given a report that said you have to raise taxes and said nothing about reducing spending. i was not an economic expert. i became one after becoming mayor in new york. i said it makes no sense. if i raises tax now. i will have to do it in two or four years. i will try to do something different. lower taxings. i in the beginning but a little bit and two or three years lower taxings. we had a three billion surplus and unemployment dropped from 10.5 to six percent . the city was humming. bowles is rightt, this is a spending problem. >> steve: absolutely. the thing is if washington simply when we send our taxings. if they sent it wisely it would be one thing. but you hear about so much waste and stuff going by the side . they want more taxes. you think they will those efficiently? of course not. >> gretchen: you want to know the newest powerball winner. why his financial advisors are telling him to take the money and ruin now before the fiscal cliff. >> brian: millions of dollars in a green company only to sell i
't. you look at sandy spending bill if dc got hit and not new york or new jersey . two weeks after cat can the hit the new orleans area. that area got money. we are still waiting because it is hung up by pork. you are seeing 3 billion to pair or fixnd new cars for the fbi and new trees in cemeteries and silly things like that. it is pretty bad. this could pass on its own merits. i am not for nationalizing why do you need pork to pass the bill? >> why do you need the pork? >> it is important to put all mischief in one bill and keep an eye on it load it up. >> you think it will make a difference. >> put allast payola and i am not as cynical as steve forbes is about what legislators can do in a situation like this with an engineer. i think half of the money might not be wasted. >> i don't know. victoria it sounds cynical to me. >> i agree with bill. i think we should have an annual pork bill . that's how hurricane sandy bill doesn't git loaded it is an awful thing . so set it aside and do it every year and l them duke it out but not stuff it in other place. . >> john is it okay. >> no, it is
you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she ha
delays there. in vegas, miami and new york, minor to no delays whatsoever. that's the good news. very quickly, let's talk about the east coast. so far, so good. scattered showers on parts of the coast, but new york city expecting a high of 45 today. mostly sunny in the ohio valley, into parts of the northeast. still scattered showers in parts of south florida getting very close to the record, the yearly record of rainfall in miami. as we wrap it up, from fargo and on the other side of the river, expect snow showers. still balmy, beautiful showers in dallas. mostly sunny and 65. back to you. >> reynolds, thanks so much. thanks for flag along. >> you bet, guys. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they'v
the people in new york and new jersey instead. neil: even leaving that issue aside, make better accountability. if we had the inspector general for t.a.r.p. keeping track of how it was supposed to be a bank rescue pile of money that was a solar projects and what have you, who is keeping track of it? it gets back to the issue, we discussed it before, americans have big hearts, want to help people when they are in trouble, but we adopt want to see money pissed away in the process not getting to the people we reached out there. >> it's deeper than that; right? if money is flying around from the feral government, people assumework's getting done distracting from recovery efforts if you throw money out the door to smithsonian and people claiming they need landscaping wherever. this is an idea we're paying for what we get, and we are not. if we have to help people recovering from disaster, we have to be serious about going it rather than allowing it to be a slush fund which is what is set up to do. neil: up to eight-something billion of this money allocated to -- for future projects t
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. i am a very boring person. connell: walt will have his full review. let's go now to the new york stock exchange. lauren simonetti. >> this stock started the day higher. it actually took out a new annual high. the financials came out strong. they are down now. in fact, the only sector that is higher is energy. we await this press conference now. they become the second bank to settle regulations. we are down. the blue-chip average up by triple digits. they have not seen a back-to-back gain like that since july. the s&p 500 was up by 1% both monday and tuesday. there is still hope down here on wall street that u.s. lawmakers will have a deal. we are kind of to the downside. with that, i will send it back to you guys. dagen: what can we expect volume to look like? >> typically, any traders take the week off. a couple of days off. you have a lower volume. yesterday, there was a lot of conviction. volume was up considerably based on the one-week average. it has been a little bit better than usual. dagen: thank you so much, lauren. we will give people comments when they start. the white
, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have the latest on not just the breakdown of this offer, but by the response of some key senators this morning. good morning. >> yeah, that's right, carl. we saw the offer come in late last night and now we're seeing reaction early this morning. let me walk you through first of all of what the president laid down on the table yesterday, starting with taxes. the president is proposing now $1.2 trillion in new revenue increases, tax increases on individual income. that's lower than his initial offer after the election of 1.6 and revised of 1.4. so he's coming down on that. now he would like to extend the bush tax cuts for
. >> announcer: tomorrow, "squawk box" exclusive coverage of the "new york times" conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a ki
monday morning. welcome to "squawk on the street." we are live from the new york stock exchange. let's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionai
, for the markets? i mean, we would never see the new york stock exchange and the i.c.e. wouldn't get together. we couldn't get that fine from ubs. >> how about the big options to live for? >> there may be some stuff. this may be the christmas week to be here. >> it may end up back here at some point. >> you really think so? >> we made it -- >> but i'm not sure. >> we mentioned where the fiscal cliff was only slightly below the end of the world in terms of seriousness, haven't we? and now that we've made it past that, we're going to focus. and then you have the debt ceiling. >> that would be funny. >> this whole thing gets pushed up to the debt ceiling. >> john can talk about this incredible ground swell in the country for everything that the president wanted, even though we know what this coalition was sort of cobbled together. and we know there was a great campaign that he ran. >> i know. but the way we set these things up is you have to have a referendum on these things. >> but you need both houses. that's a law. and these guys are willing. they'll fall on the floor. >> i don't know that anybod
♪ ♪ imus, imus, imus in the morning ♪ >> moments ago the new york stock exchange observed a moment of silence following the events in connecticut last friday. it was a somber moment in the financial world. ten minutes from now, trading will begin and these are the stories which we will concentrate on this monday morning. speaker boehner says, go ahead, raise tax rates on millionaires, that's a retreat. it's a new offer from john boehner, a higher tax rate on incomes over a million a year. gas prices really falling fast. in the whole state of missouri the average is 2.94. nine states are within a few cents of breaking below $3 a gallon. and yes, it's the monday after the connecticut shooting and father jonathan morris is here for "varney & company." scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just
cancelled as well now heading east. right for us. ohio. pennsylvania. upstate, new york. about to get blasted with snow and powerful winds just days before christmas. for the very latest on what to expect and how it can impact your holiday travel. let's check in with the man who knows rick reichmuth. >> i hate to say that most of the rain moved through yesterday morning. >> why do you hate to say this. >> because we are wrong. >> i know you read that. [sigh] >> four more hours won't be the first time. >> true. >> so we're cool traveling today, right? >> it's really not a bad day. the worst of it was on thursday. so we're two days past that we have had a day to settle down and a lot of those flights to catch up. we have wind across the northeast. lake-effect snow is not uncommon this time of year. the rest of the weekend is looking pretty good. not even monday. tuesday, wednesday, and thursday different story it did bring colder air. in 10 degrees right now as you are waking up in minneapolis. the winds are going to continue to move across the lakes. that will continue to bring lake-ef
154 yards and seattle undefeated at home and then there's this. the new york giants scored only 52 points in the win over the new orleans saints. the star was the rookie and he returned the kick off for touchdown and all purpose yards and kept the giants in the lead. and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and that's surely not good news. in a moment you're going to see if you look carefully at the lower box there on the left-hand side of the screen, those people there are the telemundo actors ringing the bell today for the nasdaq and they put their names down here, i'm afraid i don't have them handy available. they're actors. and the dow stills
to you in new york. >> we are trying to look at what is unfolding and trying to put together on the day of the actul massacre on friday at 9:30. there will be a second survivor that was able to live through the would you knows they obtained in the attack and one fascinating story about the 27 year old teacher who lost her life trying to save her children. >> you are talking about victoria soto trying to get them in the closest. they freaked out when they heard the shooting and went running and six of them were shot. there she is right there. she died. trying to save them. clearly a hero teacher. her college room man went to eastern connecticut state university and roommates for most of the college careers and shy talked to one of our affiliates in texas describing a young woman, victoria soto who loved to teach with all of her heart. >> she loved her job and she loved them and i was not surprised that she would protect them and give their life to save theirs. i knew vicki would do that. these kids were her life . >> show had them in the closest and then she was trying to distract the sh
to nicole petallides at the new york stock exchange. nicole: there you go. i am glad it is working. let's take a look at lulu lemon. the stock is actually higher. you think of maybe overpriced deals. they are very good and very good quality. it is based in canada. the stock is to the upside. part of a profit and the analysts expectations. the one thing that we should note is sales growth has actually been slowing. that is not a good sign, the winning numbers therefore lulu lemon. let's take a look at the broader market, as well. we are all waiting on the jobs report tomorrow, clearly. major averages not too far off the unchanged line. the nasdaq composite finally back in the green. it has been weighed down by apple. right now it is up about .5%. dagen: charles payne loans" lulu lemon. he is not here to talk about that. holy moses. charles: he had a bad stuttering problem. connell: the salesperson? charles: he was so outgoing. i just loved him. all the people who have excuses for not working, here is a man who has a stuttering problem and he was working. connell: you have yoga pants? dag
your "new york times" questions, the inequality one, lobbying one, the fracing one, you tried. you were the foil. >> i give him an enormous amount of credit, thank him for the interview and hope he comes back again. >> we got to thank these guys. join us tomorrow. squawk on the street is next. >>> take a look at how we are setting up on this thursday session, the day after the federal reserve decision. a lot of economic data out this morning, jobless claims coming in better than expected. core ppi in line with consensus. retail sales light. as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge o
. that was on "cavuto." instead, the new york times otes every republican offer on taxes as a concession that has not actually happened yet. at think there is their very realdanger of us spending too much time talking about saints in a negotiation which is why we should all be on tv -- neil: but it's not, so we have to go with it. but i think that the fates -- i think rare going to have it. >> we will see. neil: thank you. meanwhile, punches were flying, and now lawsuit's filing. michigan union fighting a new crackdown. a legal eagle saying ♪ neil: well, signed to a sealed, but still not delivered. days after michigan's governor sign that right to work bill, different groups already filing lawsuits to block it. lots more are expected. the folk trying to block the law to have a case. they disagree. explain to me why they might have a case. >> to very important reasons. first, there s a due process issue about how this came int place. there was no notice. they actually closed down the state house. it was done in secret. whenever something is done in secr, people have something to hide, something
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